5851 Whitnall Hwy

North Hollywood, CA, 91601

$1,300,000

$265 per ft²
$1,300,000
$265 per ft²
Active
Active
 - For Sale
beds
8 Beds
baths
7 Baths
carpenters-square
4,888 ft²
property_type
Multi-family
calendar
Built 1962
This is an opportunity to acquire 5851 Whitnall Hwy, a 7-unit value add opportunity located in North Hollywood. Built in 1962, 5851 Whitnall Hwy offers a subsequent owner with a resilient in place cash flow with substantial upside potential as current rents are approximately 45% below market. An astute investor will unlock this potential through strategic interior and exterior community enhancements as there is a high demand for product in the North Hollywood Submarket. 5851 Whitnall is has been well maintained by current ownership and various improvements have been made to the building throughout ownership. However, the unit interiors are either in near-original condition or have been modestly upgraded, affording the subsequent owner the opportunity to strategically reposition the unit interiors upon natural turnover or through a more aggressive management approach. The building is situated on a 5,110 square foot parcel and is comprised of one two story building with soft story tuck under parking. The property features a unique unit mix comprised of (5) one-bedroom/one-bathroom units measuring approximately 650 square feet and (2) two-bedroom/ one-bathroom units measuring just over 800 square feet.
MLS® ID:
23-233027
Listed:
1/15/23
Updated:
3/29/23
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
8
Total Bathrooms
7
Cooling
Window Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
5,110 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Assigned
Parking Total
7.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
2/24/23
Active
-
-

Courtesy of NorthMarq Realty Services, Inc., Elliot Hassan,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/29/23

Coldwell Banker Realty
Barry Dantagnan
Contact